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18: Review Your Knowledge
What are the three economic questions that are answered by businesses?
Describe three core goals of successful businesses.
What is the purpose of the North American Industry Classification System?
Explain the three basic forms of business ownership.
Name three alternative ways a business can be organized.
Describe advantages and disadvantages of becoming an entrepreneur.
Explain the three start-up strategies an entrepreneur could choose.
Why is a business plan needed when starting a business?
What is one resource for entrepreneurs looking for help with business plan writing?
Identify the major parts of a business plan.
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